A rising wedge is found and the price breaks out now.
A rising wedge often spots that the price to go short when price breaks out to the the downside.
A bearish price action to 67 is not ruled out as the cryptocurrency challenges 67.4 hurdle.
Litecoin: Pennant
LTC/USD,
1 hour
LONG
Mar 31
A pennant has been discovered.
A pennant provides a compelling bullish chart signal that typically indicates that the price to go long if price breaks above resistance.
LTC/USD targets a move to the 91 mark.
Litecoin: Ascending Channel
LTC/USD,
4 hours
SHORT
Aug 1
We can see that LTC/USD shapes an ascending channel, LTC/USD expects a further bearish continuation as a verification of a breakdown.
An ascending channel typically indicates prices are likely to keep falling downward once price collapses through the support line.
It is not ruled out that a rangebound towards the 88 zone will happen.
Litecoin: Pennant
LTC/USD,
1 day
LONG
Feb 8
A pennant is close to completion, LTC/USD lacks an impulse up to confirm a breakout.
In case if price breaks through the resistance, the resulting move could signal the more likely potential of rising prices.
LTC/USD to grind higher to 75 as bulls looking for profit.
Litecoin: Ascending Triangle
LTC/USD,
4 hours
LONG
Mar 24
It looks like an ascending triangle has been determined, the price is ready to break out soon.
If price breaks through the resistance, the resulting move could predict that the price will rally further.
LTC/USD to continue higher towards the 88 level as downside pressure seen easing.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Apr 22
As we can see the price shows a descending channel and the price is ready to break out.
Once price breaks above resistance, the move could signal the more likely potential of rising prices.
A bullish run to the 88 level about to be made once above 87 as downside pressure mitigates.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Nov 13
An ascending channel is almost done, LTC/USD expects a more steady move to confirm a breakout.
An ascending channel often results in extending an downtrend in case if price breaks down.
It is possible that a bearish run towards the 74 zone will occur as bears looking for profit.
Litecoin: Rectangle
LTC/USD,
1 hour
SHORT
Mar 19
The price builds a rectangle, LTC/USD wants a further bigger move as evidence of a breakdown.
A rectangle is believed to be a technical pattern that typically indicates a bearish price action in case if price breaks down.
There is a possibility of a bearish move towards 80 on a breach of 81.5.
Litecoin: Descending Triangle
LTC/USD,
1 hour
LONG
Mar 20
There is a descending triangle emerging, the price is breaking out.
If price breaks above resistance, the move could indicate the more likely potential of rising prices.
A bullish push up to the 84 zone is on the cards on impulse above 81.5 as downside pressure mitigates.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Oct 19
We can see that a descending channel is close to being complete, the price is about to break out now.
A descending channel often identifies a further move up if price breaks out.
LTC/USD points to the upside towards 62.
Litecoin: Descending Triangle
LTC/USD,
1 hour
LONG
Nov 9
A descending triangle is close to being complete, the price calls for a steady bullish move as a sign of a breakout.
A descending triangle suggests a technical bullish chart signal that typically results in that the price to go up when price breaks through the resistance.
LTC/USD to recover bullish potential to 74.5 as door open for the continuation of the uptrend.
Litecoin: Descending Channel
LTC/USD,
4 hours
LONG
Feb 24
A descending channel is close to being complete and the price requires a more bigger impulse up to confirm a breakout.
A descending channel indicates a move up if price breaks out to the the upside.
It is possible that a further bullish run towards the 71 level will happen as door open for the continuation of the uptrend.
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Litecoin · LTC/USD